LONDON--(BUSINESS WIRE)--The global K-12 online tutoring market size is poised to reach USD 60.03 billion by 2023, according to a new report by Technavio, progressing at a CAGR of 12% during the forecast period.
Read the 126-page research report with TOC on "K-12 Online Tutoring Market Analysis Report by tutoring type (structured tutoring and on-demand tutoring), course type (assessments and subjects) and geography (APAC, Europe, MEA, North America, and South America) 2019 - 2023" at: Request Free Sample Pages
The growing importance of STEM education and the strong global demand for test preparation is anticipated to boost the growth of the market during the forecast period.
The increasing job opportunities in science, technology, engineering, and mathematics (STEM) fields are leading to an increase in demand for STEM education. Students must have basic STEM education to prepare for competitive examinations in countries such as India. Students who successfully score high grades in these examinations are eligible for admission to higher education institutions. Hence, parents, students, and various stakeholders are placing greater emphasis on basic STEM education in schools. As a result, the number of students enrolling in K-12 online tutoring classes, at the start of their secondary education, is expected to increase further in the forthcoming years.
Furthermore, to monitor the learning quotient of students, a range of standardized tests, such as SAT and American College Test (ACT), are conducted for admission into higher education institutions in the US. This is also encouraging students to enroll in K-12 online tutoring programs. Hence, the growing emphasis on test preparation globally will drive enrollments in online K-12 tutoring programs during the forecast period.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Ambow Education Holding Ltd.
- China Distance Education Holdings Ltd.
- iTutorGroup
- TAL Education Group
- Vedantu Innovations Pvt. Ltd.
Market Segmentation by Category and Product Types:
The K-12 Online Tutoring Market can be broadly categorized into the following tutoring type segment:
- Structured tutoring
- On-demand tutoring
Key Regions for the K-12 Online Tutoring Market:
Featuring a breakdown of region-wise market shares until 2019:
- APAC
- Europe
- MEA
- North America
- South America
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Related Reports on Education Services are:
Online Tutoring Market – Global Online Tutoring Market by course (STEM courses, language courses, and other courses) and geography (APAC, Europe, MEA, North America, and South America). Distance Learning Market – Global Distance Learning Market by type (traditional, and online) and geography (APAC, Europe, MEA, North America, and South America).
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